Apple’s latest and greatest, the upcoming iOS 5 hitting the iPhone 4 and 3GS this fall, will reportedly support Full HD, 1080p video playback on iOS-powered devices as well as native panorama capability in the Camera app.

9to5mac reports that Full HD videos are now syncing to the iPad 2 running iOS 5 and will most probably, given the close resolution of the displays, add that feature to the iPhone 4 too. Playback is “very smooth and looks great” say reports and while the iPad has a resolution of 1024 x 768, the iPhone comes really close with its 960 x 640 Retina display. The internals are definitely capable for 1080p playback so we might see this feature enabled on Apple smartphones too.

On the other hand, a code has been discovered which, if part of the final iOS 5 release to hit devices, will allow for native panoramic picture capturing in the Camera application. Apple showed off some basic image editing coming to iOS 5, like red-eye reduction so maybe stitching together multiple subsequential pictures into a panorama will also be possible. Here’s the code for those techy among you: